Apple Announces Record Q1 2013 Earnings
Submitted by Sammy Snyder on
Apple officially released its Q1 2013 earnings report, and put an end to speculation that demand for the iPhone and iPad is low.
Apple CEO Tim Cook addressed recent rumors that iPhone and iPad production has slowed due to a decrease in demand. Cook explained using order cut “data points” is not an accurate way to determine what is happening inside of Apple.

“It’s good to question the accuracy about any rumor regarding build plans," Cook said. "I'd stress that even if a particular data point were to be factual, it would be impossible to interpret the effect on our business. Our supply chain is very complex... there's a long list of things that would make any single data point not a great proxy for what's going on."